Homework Answers
Answer :
Journal Entry
| Date | Accounts name | Debit | Credit |
| 1 - Nov | Cash Dividends | $ 80000 | |
| Dividends payable | $ 80000 | ||
| ( To record dividend payable on declaration date ) | |||
| 31- Dec | Dividends payable | $ 80000 | |
| Cash | $ 80000 | ||
| ( To record payment of cash dividend) |
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the two treasury stock transactions. sury stock for cash tra BE11.7 (LO 3) Greenwood Corporation has...
greenwood corporation has 80,000 shares of common stock outstanding . it declares at $1 per share...
greenwood corporation has 80,000 shares of common stock outstanding . it declares at $1 per share cash dividend on november 1 to stockholders of record on december 1. the dividend is paid on december 31 . prepare the entries on appropriate dates to record the declaration and payment of the cash dividend .
Crane Corporation has 70,000 shares of common stock outstanding.
Crane Corporation has 70,000 shares of common stock outstanding. It dedares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per...
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If ne entry...
Cheyenne Corp. has 7,500 shares of common stock outstanding. It declares a $4 per share cash...
Cheyenne Corp. has 7,500 shares of common stock outstanding. It declares a $4 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required,...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend (Credit account titles ave automoticaly indented when amount is entered Do net indent manualy Record journal entries in the order presented in the problem If no entry is required,...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% ,...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
and how to solve for this? Exercise 11-10 Recording and reporting treasury stock transactions LO P3...
and how to solve for this?
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. points Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800.000 256.000 928,000 $1,984,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Of a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Lobility or Equity item...
Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash...
Marigold Corp. has 7,800 shares of common
stock outstanding. It declares a $1 per share cash dividend on
November 1 to stockholders of record on December 1. The dividend is
paid on December 31.
Brief Exercise 8-16 Your answer is partially correct. Try again. Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a...
Question 14 Bramble Corporation has 88,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If ne entry...
Cheyenne Corp. has 7,500 shares of common stock outstanding. It declares a $4 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required,...
Bridgeport Corp. has 7.400 shares of common stock outstanding It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend (Credit account titles ave automoticaly indented when amount is entered Do net indent manualy Record journal entries in the order presented in the problem If no entry is required,...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
and how to solve for this?
Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the stockholders' equity of Sherman Systems appears as follows. points Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800.000 256.000 928,000 $1,984,000 Print 1. Prepare journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock...
Splish Brothers Inc. has 71,000 shares of common stock outstanding. It declares a $2 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is...
Ayayal Corp. has 7,100 shares of common stock outstanding, it declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Of a transaction causes a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Lobility or Equity item...
Marigold Corp. has 7,800 shares of common
stock outstanding. It declares a $1 per share cash dividend on
November 1 to stockholders of record on December 1. The dividend is
paid on December 31.
Brief Exercise 8-16 Your answer is partially correct. Try again. Marigold Corp. has 7,800 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a...
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